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Kalyani Steels Ltd.

BSE: 500235 Sector: Metals & Mining
NSE: KSL ISIN Code: INE907A01026
BSE 00:00 | 03 Feb 322.90 -7.75
(-2.34%)
OPEN

330.10

HIGH

332.00

LOW

316.35

NSE 00:00 | 03 Feb 320.75 -9.60
(-2.91%)
OPEN

332.05

HIGH

332.05

LOW

316.90

OPEN 330.10
PREVIOUS CLOSE 330.65
VOLUME 7383
52-Week high 390.00
52-Week low 263.70
P/E 8.51
Mkt Cap.(Rs cr) 1,410
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 330.10
CLOSE 330.65
VOLUME 7383
52-Week high 390.00
52-Week low 263.70
P/E 8.51
Mkt Cap.(Rs cr) 1,410
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kalyani Steels Ltd. (KSL) - Chairman Speech

Company chairman speech

" Global steel industry is at the inflection point. With heavy focus onsustainability & climate change technological change is inevitable in near future."

Dear Shareholders

It is an honour and privilege to present the Annual Report for FY 2021 -22 of KalyaniSteels Limited.

As we started the year COVID 19 pandemic was continuing to challenge entire humanitywith emergence of second wave in India and even third wave in major parts of the world. Ithad a significant impact on lives livelihoods and the businesses.

As the governments acted swiftly to increase speed of vaccinations ensuring adequatehealth infrastructure and service contain the spread via lockdown like measures we tooresponded quickly with appropriate measures to ensure health & safety of our employeesand families. Unfortunately we lost a few employees and their family members. Myheartfelt condolence to their families.

We faced unprecedented challenges as we were sailing through difficult times. In Indiaacute shortage of Oxygen caused many industries including steel to either shut or lowerthe production for significant period & thus created volatile and uncertain conditionsin the economic activities. However it is important to understand how one rises from thedifficult times and continue the journey. As the famous saying goes Tough times neverlast but tough people do' in these difficult times the commitment of our employees andcooperation of the stakeholders has helped us in achieving a new milestone of recordingever highest Revenue of ? 17060 Million a PAT of? 2429 Million in FY 2021-22.

Global Steel demand is forecasted to remain flat in CY 2022 and to grow by 2.2% in CY2023 whereas Indian steel industry is expected to grow at 7.5% a 6% in CY 2022 a CY 2023respectively. This clearly indicates prospects of Indian Steel Industry are quite good. Ithas gained significant momentum in CY 2021 driven by rise in domestic demand exports andwould continue to expand its footprints in near future.

Steel industry is currently at the inflection point. With heavy focus on sustainabilitya climate change technological change is inevitable in near future. Clean fuel GreenPower Green Hydrogen Green DRI Green Steel a Green Products would soon become anintegral part of global sustainable value chain. Many global steel players have alreadystarted to develop technologies to reduce carbon footprints. At Kalyani Steels we arecommitted to do our bit by reducing our carbon footprints a support India's

Nationally Determined Contributions (NDC) commitments. We are continuously improvingour energy efficiency productivity adopting green technologies and thereby reduce ourcarbon footprints.

Let me conclude by mentioning that we stood strong in the global pandemic storm andsailed through with flying colors. I express my sincere thanks to shareholders bankersemployees suppliers a customers for their co-operation and the trust bestowed upon us. Weshall continue to work tirelessly to take it forward.

Warm regards

B N Kalyani

Chairman

.